Invest Cyprus secures WAIPA regional steering committee directorship

The announcement was made during the 27th World Investment Conference held in India

10:48 - 19 December 2023

Government to further strengthen its support of Cyprus shipping, President says

President Christodoulides underlined that the state's primary goal is to attract foreign investments through shipping

10:19 - 19 December 2023

Tourist arrivals up 20.4% y-o-y in the period January-November 2023

Tourist arrivals in the period January - November 2023 amounted to 3,722,022, approaching the annual record of 2019

08:01 - 19 December 2023

Minerals up, metallic products down in Price Index of Construction Materials

The Price Index of Construction Materials for November 2023 reached 134.04 units (base year 2015=100)

07:58 - 19 December 2023

The risk of inflow of NPLs cannot be ignored, CBC warns

In its Financial Stability Report for 2022, the CBC also projects that GDP growth will amount to 2.4%

07:44 - 19 December 2023

Cyprus' financing needs for 2024 at €1.3b

The Finance Ministry's PDMO said it will largely be covered by issuing a €1b EMNT bond

11:46 - 15 December 2023

Broad public sector employment up in Q3 of this year

The total number of employees in the broad public sector in Q3 2023 was 72,307, compared to 70,429 in Q3 …

09:09 - 15 December 2023

Job vacancy rate at 2.9% in Q3

The number of job vacancies in the third quarter of 2023 increased by 33.8% y-o-y

07:55 - 15 December 2023

Commerce ministry co-organises business forum in Vienna

Representatives of 10 Cypriot companies participated, showcasing the local service sector's competitive advantages

07:14 - 15 December 2023

EC approves first amendment to Cyprus' CAP 2023-2027 strategy

The plan was submitted by the Ministry of Agriculture, Rural Development and Environment

12:53 - 14 December 2023

NPLs continued quarterly decline in Q3

NPLs dropped by a quarterly €95m in Q3, with the NPL coverage ratio with impairment forecasts stable at 50.3%

10:50 - 14 December 2023

FinMin welcomes newly-passed foreclosures framework

The Ministry said the debate around amendments to the foreclosures framework has now “been exhausted”

08:39 - 14 December 2023

Cyprus’ banks have second lowest deposit rates in EU

European Banking Authority report also showed that Cyprus had the EU's second highest return on equity at 26.3%

08:08 - 14 December 2023

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Economy

Invest Cyprus secures WAIPA regional steering committee directorship

Government to further strengthen its support of Cyprus shipping, President says

Tourist arrivals up 20.4% y-o-y in the period January-November 2023

Minerals up, metallic products down in Price Index of Construction Materials

The risk of inflow of NPLs cannot be ignored, CBC warns

Businesses tell Labour Minister: “Solve staff shortages yesterday”

Government to enhance primary sector's competitiveness Agriculture Minister says

Cyprus requests two payments for €152m from Recovery & Resilience Mechanism

Debate on budget begins at the House of Representatives

Labour cost up 5.6% in third quarter of this year

Airport passenger traffic surpasses pre-pandemic record says Transport Minister

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